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Board changes at Plan B

BEN COLLINS  |  WEDNESDAY, 10 OCT 2012
... IOOF announced that its offer, which is subject to 90% approval, would become unconditional. It was previously scheduled to close on 25 September after being extended from the original closing date of 11 September. In a brief statement lodged with the ...

AustSuper adds hedge IEq option

ALEX DUNNIN  |  WEDNESDAY, 10 OCT 2012
AustralianSuper has added a new investment option, hedged international shares, taking their number of investment choices to 18, including their direct share low-cost platform. The expanded choice menu now offered by AustralianSuper makes their menu ...

IMF - It Means Fun

BENJAMIN ONG  |  WEDNESDAY, 10 OCT 2012
... over the place - Chicken Little is going around crying "the sky is falling" (again). You can't miss it, not even if you close your eyes, cover your ears and your noses. Chicken Little, of course, is the International Monetary Fund (IMF) and it's again ...

Market Wrap AM

AAP  |  WEDNESDAY, 10 OCT 2012
... the market on Tuesday hit at a 14-month high, closing above the 4500 level for the first time since August 2011. At the close of trade, the benchmark S&P/ASX200 index was up 23.4 points, or 0.52 per cent, at 4,505.3, while the broader All Ordinaries ...

Overseas investors' demand replacement of LM as RE

MARK STORY  |  TUESDAY, 9 OCT 2012
... Currency Fund. "It is easy to understand why unitholders have become so embittered with LM. The Main Fund has been frozen for close to three years, the value of its units has fallen from $1 to $0.73, and 89% of the loans are in default," said Bacon. ...

Swiss manager exceeds $1bn in Aus assets

BEN COLLINS  |  TUESDAY, 9 OCT 2012
Swiss-based Vontobel Asset Management has announced that its Australian assets under management have surpassed $1 billion. The global manager said that the growth was driven by growing demand from Australian institutional investors for its 'Quality ...

Market wrap AM

AAP  |  TUESDAY, 9 OCT 2012
... Asian markets lower, giving up some of last week's solid gains ahead of the third quarter earnings reporting season. At the close the blue-chip Dow Jones Industrial Average was down 26.50 points (0.19 per cent) at 13,583.65. The broad-based S&P 500 dropped ...

Trading mistake forces Indian exchange crash

BEN COLLINS  |  MONDAY, 8 OCT 2012
A $US125 million trading mistake last week caused India's National Stock Exchange to briefly crash, triggering a trading halt and a 15.5% fall on the main index. Mistakes made by a local brokerage in placing orders, saw the exchange's Nifty index fall ...

Market Wrap

AAP  |  MONDAY, 8 OCT 2012
The Australian share market has opened flat following a lacklustre lead from the US on Friday despite employment figures coming in better than expected. At 1040 AEST on Monday, the benchmark S&P/ASX200 index was down 6.0 points, or 0.13 per cent, at ...

Market wrap AM

AAP  |  MONDAY, 8 OCT 2012
... consecutive day but unlike the rest of the week was led by cyclical mining stocks instead of high yielding banks. At the close of trade, the benchmark S&P/ASX200 index was up 42 points, or 0.94 per cent, at 4,494.4, while the broader All Ordinaries index ...